BAE Systems injects £1bn into pension fund after strong year
Charles Woodburn, chief executive, said the financial results were in line with guidance, growing sales and earnings.
Company
BAE Systems PLC
LON:BA
BAE Systems delivers a range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services.
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Deutsche Bank ups BAE Systems target price to 730p from 685p in preview of upcoming full-year results
The bank's analysts said "we continue to forecast 45.9p of EPS for 2019 (consensus 45.8p) and expect BAE to be in-line (excl. the 1H19 one-off tax benefit)”
BAE’s US acquisitions helping address “long-standing valuation discount”, says Barclays as it ups to ‘overweight’
The bank also said the purchase of the US military GPS business and airborne radios unit will increase revenue exposure to the US Department of Defense
BAE Systems agrees to buy GPS and radio assets spun out of US merger
“It's rare that two businesses of this quality, with such strong growth prospects and close fit to our portfolio, become available.”
BAE Systems shoots higher after upgrade on UK election, Iran tensions
JPMorgan Cazenove upgraded the defence contractor, with Citigroup upping its target price too
BAE Systems' shares drop as 2019 outlook clouded by German backlash on Saudi deal
The FTSE 100-listed firm said it expected its underlying earnings per share in 2019 to only grow by the mid-single-digit compared to full-year 2018 underlying earnings per share of 42.9p
BAE Systems exposed to possible defence spending constraints after Brexit, says UBS
UBS said the grim UK economic outlook will inevitably impact the government's defence spending
Investments and investor services
FTSE 100 closes positively as PM Theresa May says gov't is working towards a good Brexit deal
Britain's blue-chip benchmark finished up around 31 points at 7,029
FTSE 100 closes in red as traders fret about Turkey crisis
The UK benchmark of leading shares closed down over 24 points at 7,642.
FTSE 100 closes Friday in positive territory but loses ground on the week
FTSE 100 closed around 21 points higher on Friday at 7,636, the FTSE 250 added nearly 147 points at 20,830.
Archive
Sumo rallies as shareholders re-elect managers at AGM
A look at some of the top risers and fallers in London today
BAE Systems awarded £2.4bn defence contracts for work on submarine programmes
Defence secretary Gavin Williamson said the investment in nuclear submarines shows the government's "unwavering commitment to keeping the UK safe" from threats
BAE Systems maintains forecast for flat 2018 earnings, sees good prospects for adding to its order backlog
Charles Woodburn, BAE’s chief executive said: "We have a large order backlog and strong franchises with good prospects to further these positions in the coming months"
BAE Systems PLC takes off as Berenberg upgrades its rating to ‘buy’ from 'hold'
In a note to clients, analysts at Berenberg said BAE’s fundamentals are improving after many years of lacklustre earnings development
FTSE 100 extends gains in the final sessions
Stocks consolidated gains at the death with bid stock Shire the best performing blue-chip
Arizona Silver not standing still in 2018 as it inks next US property deal
The firm has signed a lease option on the Sycamore Canyon gold-silver epithermal property in Graham county
Xtek poised for rapid near-term growth following major contract wins
On track to achieve revenue guidance of between $11 million and $18 million for FY2018.
BAE Systems loses out to Rheinmetall on A$3.2bn Aussie order
The Boxer armoured vehicle was developed by ARTEC, a joint venture between Krauss-Maffei Wegmann, Rheinmetall MAN Military Vehicles and Rheinmetall Military Vehicles Nederland
BAE Systems lagging peers, says JP Morgan Cazenove, which downgrades to 'underweight'
BAE is cut to 'underweight' by the broker and the target put at 550p from 555p previously
BAE Systems sees 2017 sales and underlying earnings rise, but guides for flat earnings in 2018
The FTSE 100-listed company saw its 2017 group sales increase to £19.63bn, up from £19.02bn in 2016, helping underlying earnings (EBITA) grow to £2.034bn
Arizona Silver Exploration bolsters board with finance executive David Vincent
He was a senior executive with BAE Systems plc (LON:BA), the global aerospace company..
BAE Systems upgraded to 'buy' by UBS but QinetiQ and Meggitt are hit by downgrades
The big order from Qatar and the good news on the pension obligations have brightened the outlook considerably ahead of an expected UK defence spending review that holds more risk for QinetiQ than BAE
Hardware & electrical equipment
No defence: Ultra Electronics downed as Berenberg and JPMorgan Cazenove cut targets
Berenberg cut its target for the defence contractor to 1,300p from 1,550p and reiterated a ‘sell’ rating on the stock, noting a recent rally by the shares
Investments and investor services
No shortage of small cap movers on Thursday - Physiomics advance continues
Some of the biggest risers and fallers in London on Thursday
BAE Systems' shares soar as UK pension funds top-up proves less then expected
It also separately announced that a change to a new accounting standard is not expected to have a material impact on the group’s results for 2018 and beyond
Carillion names Andrew Davies, boss of privately-owned construction firm Wates, as its new CEO
New appointee Davies has been chief executive of Wates since 2014, and prior to that held a series of senior roles with BAE Systems over a 28-year period
FTSE 100 closes higher as Catalan president's speech in the spotlight
The UK benchmark finished the day at 7,538, up 30.38 points
BAE Systems set to announce more than 1,000 job cuts
The job cuts are understood to be related to a slowdown in the production of the Eurofighter Typhoon jet
Archive
Further Eurofighter news hoped for from BAE Systems update; Ted Baker still in fashion
Day ahead includes a trading update from defence group BAE Systems, first half numbers from fashion firm Ted Baker, and an update from pubs firm Marston’s
Archive
Sky in bid limbo but revenues still growing; Trinity Mirror update to be another media focus in week ahead
The Week Ahead includes trading updates from media firms Sky PLC and Trinity Mirror PLC, as well as news from defence group BAE Systems PLC, and minutes from the FOMC meeting
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UBS upbeat on European defence sector on US valuation gap; upgrades rating for QinetiQ
The UBS analysts said: “We expect defence budget growth of low- to mid-single digit in France, Germany and the other European nations, and mid- to high single digit in the US. The country where we see limited defence upside, if not cuts, is
Berenberg wings shares in BAE Systems, downgrading the defence contractor's rating to ‘hold’
The German bank's analysts said the downgrade reflects a “reassessment of the likelihood and timing of key export wins, and our expectation of no organic revenue growth and modest earnings progression in the next two years“
Goldman Sachs gives lift to BAE Systems as it adds stock to 'Conviction Buy' list
In a note to clients, Goldman’s analysts reiterated their ‘buy’ rating on BAE shares while adding the stock to its influential list
Archive
Wednesday's agenda - Sky among the riders as results pour in
Wednesday sees a veritable clutch of results statements from some big guns....
Archive
UPDATE - Wincanton drives up profits but vehicle repair arm slows it down
New haulage contracts help trucking group boost profits